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Euro Strong, Propelled by Domestic & US Macroeconomic Data

The euro was among the strongest currencies on the Forex market today, trading about flat against the Swiss franc and the Australian dollar, while rising versus other most-traded currencies. The currency got a boost from the recovery of the European services industries, though the weakness of the US dollar after an extremely disappointing employment report also helped the shared 19-nation currency.

Euro Rallies Then Falls Against the US Dollar to Trade Flat for the Day

The euro today fell against the US dollar early in the European session despite the release of upbeat euro area producer price index data as the bears controlled the price action. The EUR/USD currency pair later rallied during the American session as the dollar retreated against its peers amid falling US Treasury yields to trade flat for the day.

Euro Falls on Weak Euro Area Macro Prints, Retail Sales, GDP and CPI

The euro today fell against the US dollar as investors took profits following its blistering rally and the weak euro area GDP data did not help the single currency. The EUR/USD currency pair fell from the early European market as investors took profits on their positions to end a very profitable month for traders who were bullish on the euro.

Euro Trades Near 4-Month Highs As EU Leaders’ Summit Kicks Off

The euro today rallied higher against the US dollar to trade near the 4-month highs recorded on Wednesday buoyed by positive investor sentiment and the greenback’s weakness. The EUR/USD currency pair’s rally was further fueled by optimism about the ongoing EU leaders summit, where many hope they’ll agree on the €750 billion stimulus package.

Euro Rallies Higher Against Weak Dollar As Europe Slowly Reopens

The euro today rallied higher against the much weaker US dollar boosted by positive investor sentiment as US indices posted gains triggering a selloff of the greenback. The EUR/USD currency pair today fell earlier in the session as the dollar traded in positive territory, but this changed later as investor risk appetite grew.

Euro Rallies on Investor Sentiment, Later Falls on US Dollar Strength

The euro today posted gains against the US dollar earlier in the session buoyed by investor sentiment amid optimism about the economic recovery in Europe. The EUR/USD currency pair later gave up its gains as the greenback rallied amid the risk-off market environment as most European equities sold off at the open and headed lower.

Euro Rallies Against Weak Dollar Driven by Positive Sentiment

The euro today spiked higher against the US dollar in the early American session driven by upbeat investor sentiment even as European equity markets closed lower today. The EUR/USD currency pair today rallied higher boosted by mixed data from the eurozone and the weaker greenback, which saw other major currencies post gains at its expense.

Euro Rallies on Upbeat Fundamental Releases From the Euro Area

The euro today rallied higher against the US dollar extending yesterday’s gains following the release of upbeat core inflation data from the eurozone. The EUR/USD currency pair capitalised on positive macro reports from across the euro area combined with the greenback’s overall weakness to inch higher.

Euro Rallies on Bullish Sentiment, Mixed Eurozone Inflation Data

The euro today rallied higher against the US dollar driven by positive investor sentiment even as the greenback registered losses across the board. The EUR/USD currency pair rallied higher ignoring the weak eurozone inflation data released earlier today as investors bid up riskier assets.

Euro Spikes Then Falls Against Dollar on Day Full of Macro Releases

The euro today rallied to new daily highs against the US dollar after the release of weak US data, but the single currency later gave up its gains. The EUR/USD currency pair fell after the release of upbeat US consumer sentiment data, which surprised investors causing the pair to sell-off.

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